Real Estate Buyer Makes $1.3 Million Buying Home With Bitcoin
A real estate buyer in California profited nearly $1.3 mln after purchasing $4 mln worth of Bitcoin with an intent to purchase a house in California. Earlier this month, BitPay chief commercial officer (CCO) Sonny Singh was approached by a real estate buyer based in California who wished to purchase a $4 mln house solely using Bitcoin. Singh and the BitPay team, which provides a wide range of Bitcoin services assisted the buyer and the real estate developer in coming to terms with the final settlement. At last, a $4 mln price tag was agreed upon to be fully paid in Bitcoin. The buyer went....
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A buyer who purchased a house using bitcoin got a 25% windfall, thanks to this month’s jump in the bitcoin price between when the contract was signed and when the transaction took place. Sonny Singh, chief commercial officer at BitPay, shared the story in a recent Bloomberg Markets interview (MP3) with hosts Cory Johnson and Carol Massar. He said a real estate developer approached BitPay because a home buyer wanted to buy a house with bitcoin. The real estate developer wanted help in facilitating the transaction. “We’ve actually helped facilitate several bitcoin transactions for persons....
A Bitcoin real estate remittances company is working to lower the bureaucratic complexity of buying American real estate for the Chinese middle class. The venture, Meson.re, is the brainchild of Ragnar Lifthrasir, a real estate entrepreneur with over “eight years of experience including, analysis, investment tittle insurance and construction.” He is also the president of the International Bitcoin Real Estate Association. Capital controls in China are both limiting and discriminatory, weighing most heavily on the middle and upper class. Lifthrasir told CoinTelegraph that there is great....
Buying real estate doesn’t have to be as tedious as it has been in the past. In fact, you can actually start buying digital real estate right inside the metaverse for a much lower cost than you would purchase it in the real world. In addition, a handful of metaverses also intend to offer tokenized fractional shares in real estate properties, meaning you can own a piece of real-world real estate for a fraction of the price. This article will cover some of the best real estate metaverses to watch for in 2022. Some projects intend to bring real-world real estate assets onto the blockchain,....
On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate industry.” Real Estate Platform Pacaso Now Supports Crypto Payments The firm Pacaso is a real estate platform co-founded by Spencer Rascoff and Austin Allison. Rascoff is well known for co-founding Zillow Group and co-founding Hotwire.com as well. In....
The first real estate purchase with Bitcoin has been registered in Colombia last week. The company, called La Haus, sold one property in Santa Marta to a buyer that was not in Colombia at the time of the purchase. While Colombia is just starting to consider bitcoin for real estate payments, in neighboring countries like Venezuela, it is becoming more common to use crypto for such transactions.
Colombia Debuts Real Estate Purchases With Crypto
The real estate sector in Colombia has reached a milestone when it comes to cryptocurrency usage, after registering its first purchase with....